Further re Application for Lifting of Suspension

RNS Number : 6953Q

Path Investments plc

22 June 2020

 

22 June 2020

Path Investments plc

("Path" or the "Company")

Further re Application for Lifting of Suspension

Path Investments plc (TIDM: PATH), the energy and natural resources investment company, announces that further to the announcement made on 12 June 2020 the Company remains in discussions with the FCA regarding the application to lift the current suspension of Path's ordinary shares from the standard segment of the Official List of the FCA and from trading on the Main Market of the London Stock Exchange.  Given these ongoing discussions the resumption of trading of the Company's ordinary shares on the London Stock Exchange will not now occur on 23 June 2020 as previously anticipated.

Completion of the Fundraising announced on 12 June 2020 is conditional, inter alia, upon admission of the New Ordinary Shares to the standard segment of the Official List of the FCA and to trading on the Main Market of the London Stock Exchange.

The Company hopes to resolve the outstanding technical matters with the FCA shortly and further updates will be announced as appropriate.

Capitalised terms used but not defined in this announcement have the same meanings as set out in the Company's announcement of its proposed fundraising and application for lifting of suspension dated 12 June 2020.

For further information please contact:

Path Investments plc	C/O IFC
Christopher Theis
IFC Advisory (Financial PR & IR)	020 3934 6630
Tim Metcalfe
Zach Cohen

Keith, Bayley, Rogers & Co. Limited (Broker)
Brinsley Holman	07776 30 22 28
Graham Atthill-Beck	07506 43 41 07

 

END

 

 

FURPPUACQUPUGCP